Why Auction?
Why Auction? The auction method of selling provides many advantages: | |
| ~ | It provides the place for buyers and sellers to meet. |
| ~ | The auction company develops a strategic marketing plan to merchandise the property to a vast number of potential buyers over a wide area. The property may be advertised in newspapers, direct mail, signs, on-line, TV, and radio. The advertising should bring competition among the bidders, thus resulting in a higher bid price. |
| ~ | The auction may be advertised as absolute, or with reserve. |
| ~ | The real estate may be offered in a number of tracts, a combination of tracts, or as one unit. |
| ~ | The auction method is the only way of selling a parcel of land in tracts to multiple buyers, all on the same day. |
| ~ | Auctions are timely, where the seller decides when the property sells, and the terms and conditions of the sale. |